A comparative balance sheet for Monty Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated Depreciation-Equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total December 31 2020 2019 $ 72,700 $ 22,000 83,780 68,080 181,780 191,080 72,780 112,080 261,780 202,080 (70,780) (44,080) $602,040 $551,240 $ 35,780 $ 49,080 150,000 200,000 214,000 164,000 202,260 138,160 $602,040 $551,240 Additional information: 1. Net income for 2020 was $128,560. No gains or losses were recorded in 2020. 2. Cash dividends of $64,460 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Prepare a statement of cash flows for 2020 for Monty Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) MONTY CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to reconcile net income to $ Issued common stock to retire $ of bonds outstanding Determine Monty Corporation's current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debt coverage and cash debt coverage to 2 decimal places., e.g. 0.67.) Current cash debt coverage :1 Cash debt coverage :1 Free cash flow $ Comment on its liquidity and financial flexibility. Monty has liquidity. Its financial flexibility is